ETF Market Making Solution
Powered by Tbricks, a scalable, automated platform built for the demands of ETF market making
Built for ETF Market Making at Scale
A scalable, automated platform to manage the complete ETF market-making workflow
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Support systematic trading, market making, spreading, and internalization strategies
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Trade futures, options, ETFs, structured products, equities, FX, and fixed income from a common platform
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Enable electronic quoting, block trading, RFQ negotiation, and tiered pricing workflows
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Connect to more than 150 exchanges across three continents
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Access a broad ecosystem of broker, venue, and data-provider integrations
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Trusted by more than 100 major clients, including global tier-one banks and sophisticated buy-side firms
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Start with a production-ready foundation for electronic trading and market connectivity
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Deploy in co-location, managed-service, or on-premise environments to suit your operating model
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Rely on a low-latency, high-performance architecture engineered for demanding trading environments
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Extend the platform through a modular microservices architecture
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Use app-based business solutions with available source code for greater flexibility
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Build your own applications, tailor Broadridge applications or engage our team to implement them
Integrated workflows in one scalable platform
Built for speed, transparency, and control, Tbricks brings ETF market-making workflows together in one automated environment, helping trading desks optimize spreads, enhance execution, and manage risk with confidence.
Maintain control and transparency across ETF compositions with automated data validation and flexible workflows for creation, redemption and basket tracking. Compare NAVs and compositions from multiple sources, resolve discrepancies through exception-based workflows, and use real-time iNAV impact analysis to support tighter pricing control. Integrations with S&P Global, Ultumus, and a broad range of file and database connections provide the data coverage and accessibility your workflow requires.
Calculate ETF prices with confidence as market conditions change, using customizable, rule-based proxy pricing for ETFs and individual constituents across equities, fixed income and commodities. Choose Broadridge models, proprietary models or direct market-price streams, with systemwide validation at every stage of price formation for greater consistency and control. Horizontally scalable infrastructure is built to meet high-volume pricing demands.
Automate liquidity provision and price discovery with controlled, scalable market-making infrastructure. Configure your quoting strategy, set flexible controls for quote volumes and prices, and go live quickly to provide consistent liquidity across markets. Highly scalable, co-locatable infrastructure is designed for low latency and mass quoting, helping you operate efficiently and confidently in fast-moving markets.
Manage risk with the flexibility to hedge trade by trade or at portfolio level. Real-time position decomposition and netting support responsive exposure management across currencies and asset classes, using baskets, futures, other ETFs or component residuals. Manage FX exposure in aggregate or selectively, and extend existing hedging logic—or build your own—to align risk management with your portfolio and trading strategy.
Benefit from fully automated RFQ negotiations while tailoring pricing and response behavior by counterparty, venue and request size. Extensive venue connectivity and granular quote-price controls—including counterparty commissions and venue fees—help you serve clients precisely while maintaining profitability. Define when to take risk and when to seek liquidity from other market makers, so you can respond with greater speed, control and confidence.
Connect internal liquidity, external venues and automated RFQ workflows for faster, more efficient and controlled execution. Direct integration with Broadridge’s Systematic Internalizer architecture supports aligned connectivity across internal and external trading ecosystems, while simultaneous back-to-back RFQs to internal desks or panels of market makers can support riskless principal transactions. Flexible scripting automates mark-ups and RFQ/RFT handling, enabling teams to tailor execution logic and improve responsiveness.
What's next for your business?
We want to hear more about what you need to improve your business and drive transformative innovation, efficiency, and growth.